Loans Designed For People With Bad Credit Rates & Fees

Our services are completely free, there is never a charge for applying for a bad credit loan online. Any fees that you might incur after receiving the loan are directly loan related, the lender will explain this to you before you agree to the loan.

Factors That Affect Your Interest Rate

» Credit scores - Lenders like to predict their risk in lending money to you. Your credit score helps them do this. Of course, if you have been a responsible consumer and have always paid your debts on time, your credit rating and the interest rate you will receive will reflect that. On the other hand, if you have encountered troubled financial times, your credit score might be lacking and expect higher interest rates.

» Local market - The interest rates in your state could be higher or lower than the national average due to the local lending environmnet. Payday loan interest rates are regulated by each state but average $20 per $100 borrowed.

» Size and lenght of the loan - If you are borrowing more and stretching the payments out for a long period of time, the interest will be higher. If you are getting a car loan, having a down payment helps in lowering the interest rate.

» Personal factors - If your income is lower, you have a history of skipping around from job to job, or you already have alot of debt, your interest rate is going to be higher because the lender's risk is higher. The good news is that after making regular monthly payments for a period of time, your lender will start feeling more at easy and credit score begins to climb. After a year of so, you will probably be able to refinance at a lower interest rate.

Truth In Lending Act (TILA)

Every lending in our network lender providesĀ a truth in lending disclosure statement. You should read over it very carefully to make sure you understand all of the terms of the loan. Read more about the TILA.

Disclaimer: This website provides a loan service that matches consumers with prospective lenders for short-term loans ranging from $200 to $2,000, as well as long-term loans for amounts greater than $2,000. The operator of this website is not a lender, does not broker loans to lenders, and does not make loans or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender, and does not endorse or charge you for any service or product. The information you provide will be submitted to a participating lender in its network. nationscreditservices.com does not guarantee loan approvals, as the lender will make a decision based upon your individual factors. Typically lenders will perform credit checks with the three credit reporting bureaus: Experian, Equifax, or Trans Union. Credit checks or consumer reports through alternative providers may be obtained by some lenders. Additionally, this service and offers are void where prohibited.
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